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Looks like another round of selling USD/yuan intervention from China state banks

Looks like another round of selling USD/yuan intervention from China state banks

Central Banks
Eamonn Sheridan
29/06/2023 | 03:22 GMT

Selling of USD/yuan to slow the descent of CNY and CNH.

Market talk of Chinese state banks in the market with the intervention to support the yuan.

usdcnh intervention support yuan 29 June 2023

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